VIDEO: Biden says he, Obama want to raises taxes by $1 trillion

Vice President Joe Biden hosts a Cabinet meeting to discuss the latest efforts to cut waste, fraud, and abuse as part of the administration's campaign to cut waste, Tuesday, Dec. 13, 2011, in the Eisenhower Executive Office Building on the White House campus in Washington. (AP Photo/Manuel Balce Ceneta)

Vice President Joe Biden told supporters Thursday that the Obama administration plans to raise taxes by $1 trillion in order to shift liability to wealthy Americans.

COUNCIL BLUFFS, Iowa — Vice President Joe Biden told supporters Thursday that the Obama administration plans to raise taxes by $1 trillion in order to shift liability to wealthy Americans.

"My heart breaks, come on man. You know the phrase they always use? Obama and Biden want to raise taxes by a trillion dollars. Guess what? Yes, we do, in one regard. We want to let that trillion dollar tax cut expire so the middle class doesn’t have to bear the burden of all that money going to the super wealthy," he said during the meeting.

"What we don’t need is a trillion-dollar tax increase," Ryan told Fox News. "What we don’t need is a tax increase on our successful job creators that will cost us 700,000 jobs in just two years."

Ryan Williams, one of Mitt Romney’s spokesmen, added his thoughts to the vice president’s comment.

“Fresh off admitting that America's middle class has been 'buried' over the last four years, Vice President Biden went a step further today and fully embraced the president's job-killing tax increases. The choice facing Americans in this election gets clearer every day," Williams told Fox News.

Popular Comments

Obama and Biden want the producers in this
country to be slaves of the redistributionist government.

Then they
wonder why producers don't want to work as hard, just to support the
government bureaucrats
More..

12:22 p.m. Oct. 5, 2012

Top comment

VST

Bountiful, UT

Raising taxes on ANYBODY right now is the wrong thing to do. The latest GDP
(2nd Quarter) economic growth rate was a very weak 1.3%. Any tax increase could
very well put the economy back into a recession in the first half of 2013.

More..

12:41 p.m. Oct. 5, 2012

Top comment

ute alumni

Tengoku, UT

leave it to Joe. Truly brilliant. That will stimulate more jobs. o to go, and
take biden with you.

Joey Ferguson is a business reporter for the Deseret News who focuses on public finance. He joined Deseret News after graduating from Brigham Young University-Idaho with a bachelor's degree in journalism in May 2011. He more ..